Trump Tariffs Won’t Derail India's Growth: RBI

KHUSHI KUMARI

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RBI maintained its key lending rate at 5.5% and held a neutral policy stance amid rising global tariff threats

From August 7, the U.S. imposed a 25% tariff on all Indian goods, including threats of higher penalties over Russian oil buying

GDP growth forecast was trimmed from 6.7% to 6.5%, reflecting some of the global uncertainties

Governor Sanjay Malhotra said it's very difficult to predict how the tariffs will affect India’s growth

RBI sees minimal impact on the economy unless India retaliates with reciprocal tariffs

Export sectors like engineering may lose up to $12 billion, but overall GDP impact is projected at just 0.3–0.5 pts

Trump’s tariffs have accelerated India’s trade negotiations and reform efforts—viewed by some as an opportunity, not just a threat